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Palacio, Madrid neighborhood. Description. There are many historical monuments and places. There are also beautiful streets. Why this famous? It's now has palacio because here you can find the royal palace. The palace was built in the 20th century.

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Location. Palacio is located in the center of Madrid, between Lavapiés, Arguelles and Barrio de las Letras.

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If you need to take the metro, take line 2 and 5 to Ópera Station or Santo Domingo Station.

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Relevant places. The relevant places are El Palacio Real, El Teatro Real, and Plaza de Isabel II.

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Important museums. The important museums are Cerralbo and the Royal Monasterio de la Encarnación.